The Radford Free Press – Page 245 – All life is problem solving.

Economics / business investment, consumption, deficits, exports, government spending, imports, inventories, Investment, real estate, stimulus /

Economic Drift

May 31, 2012

We are at sea. Adrift. Going nowhere. Wallowing about with little direction. Not sinking. Not soaring. Just floating. Just. Today’s GDP numbers validate the view that our economy is all of the above. The economy grew at a 1.9% rate rather than the previously announced 2.2% rate. The next few quarters look set to follow […]

Commentary /

The Davidson Challenge

May 30, 2012

Paul Davidson has, for a long time, been a stalwart of non-orthodox economics. He plugs away gamely proselytizing what is called Post-Keynesian thought. For those of you unaware of the nuances and differences within economics, the Post-Keynesians see themselves as the true keepers of Keynesian thought and disparage the more recent school of Keynesians gathered […]

Economics / Case Shiller Index, home prices, real estate, recession, recovery /

Housing Vagaries

May 30, 2012

My last post was headlined “Housing Climbing Back”. Oh well. So much for that. Today we learned that pending home sales fell for the first time in four months – the index that measures them dropped to 95.5 in April from March’s 101.1. So we are reduced, once more, to making brave statements about how […]